Lithiumbank Resources (TSXV:LBNK) Total Assets : C$20.46 Mil (As of Mar. 2024)

Lithiumbank Resources Total Assets Chart

Lithiumbank Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							7.13	6.15	11.03	15.89	20.46

Lithiumbank Resources Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Lithiumbank Resources's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Lithiumbank Resources's Total Assets for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lithiumbank Resources  (TSXV:LBNK) Total Assets Explanation

Total Assets is connected with ROA %.

Lithiumbank Resources's annualized ROA % for the quarter that ended in Mar. 2024 is

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Lithiumbank Resources's Asset Turnover for the quarter that ended in Mar. 2024 is

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Lithiumbank Resources Total Assets Related Terms

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Lithiumbank Resources (TSXV:LBNK) Business Description